DeFi market has room for growth in Korea: 1inch co-founder — KBW 2022
1Inch plans to expand into a largely untapped Asian market, but a lack of DeFi knowledge is preventing mass adoption Go to Source Powered by WPeMatico
South Korea
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Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies
South Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting from crypto investment and trading, authorities in Seoul claim cryptocurrencies have been actively used for money laundering. Korean Citizens Accused of Investing in Crypto Assets … Read more
The lasting agony of 3AC: Law Decoded, July 18-25
A crypto hedge fund co-founders acknowledge their mistakes, driven by bull market overconfidence. Go to Source Powered by WPeMatico
Korean crypto startup Uprise to compensate investors after disastrous LUNC short trade
The investment startup made a short bet on LUNC in May using client funds. The trade blew up and wiped out 99% of its assets. Go to Source Powered by WPeMatico
South Korea postpones 20% tax on crypto gains to 2025
The delay comes just a couple of months after newly elected president Yoon Suk-yeol promised to work on regulations first. Go to Source Powered by WPeMatico
South Korean authorities raid 15 entities linked to Terra collapse: Report
The Seoul Southern District Prosecutors Office reportedly raided the offices of crypto exchanges Upbit, Bithumb, Coinone, Korbit, and Copax and others on Wednesda Go to Source Powered by WPeMatico
Korean fintech giant plans to create 10K Web3 jobs amid bear market
Dunamu would open offices in major cities and create about 500 new startups focused on NFTs and the Metaverse. Go to Source Powered by WPeMatico
Law Decoded, July 4–11: Access denied for crypto-owning policymakers
An advisory notice from the United States Office of Government Ethics intends to leave the hodlers out of decision-making on crypto. Go to Source Powered by WPeMatico
Spain to Offer Grants for Metaverse Companies
The government of Spain has announced it will issue a series of grants and aid for metaverse-related developments. The individuals and companies interested in receiving these grants will have to be based in the European Union or Spain and present a plan, and meet a series of requirements, to be considered. The first batch of … Read more
Major South Korean telecom company plans launch of blockchain wallet for crypto and NFTs
In 2020, the company also launched a wallet for blockchain-powered digital certificate storage aimed at addressing certifications amid the COVID-19 pandemic. Go to Source Powered by WPeMatico